MICT’s filing of a registration statement today relates to registration of a portion of restricted shares previously issued...
Today MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”)
filed an S-3 registration statement. The Company wishes to note
that the filing is for dual purposes as follows: (i) registering a
portion of the restricted shares it has already issued; and (ii)
registering a new shelf registration statement to enable it to take
advantage of potential growth opportunities in the future. Today’s
filing does not have any effect on the Company’s number of shares
presently issued and outstanding.
About MICT, Inc.MICT, Inc.
(NasdaqCM: MICT) operates through its subsidiaries, GFH
Intermediate Holdings Ltd ("GFHI") and its various fully owned
subsidiaries or VIE structures. And Micronet. GFHI's versatile
proprietary trading technology platform is designed to serve a
large number of high growth sectors in the global fintech space.
Primary areas of focus include online brokerage for equities
trading and sales of insurance products in several high-growth
foreign markets including Asia where GFH owns a substantial
proprietary database of users. Micronet operates in the growing
telematics and commercial Mobile Resource Management (MRM) market,
mainly in the United States and Europe. Micronet designs, develops,
manufactures and sells mobile computing solutions that provide
fleet operators and field workforces with computing solutions in
challenging work environments.
This press release contains express or implied
forward-looking statements within the Private Securities Litigation
Reform Act of 1995 and other U.S. Federal securities
laws. These forward-looking statements include, but are not
limited to, our expectations about receiving orders for our
products in the future, statements regarding our business and
operations, statements regarding SmartCam, our expectations
regarding the global logistics and transportation telematics
industry growth, and the belief that a majority stake in Micronet
will leverage our global platform to grow the telematics business.
Such forward-looking statements and their implications involve
known and unknown risks, uncertainties and other factors that may
cause actual results or performance to differ materially from those
projected. The forward-looking statements contained in this press
release are subject to other risks and uncertainties, including
those discussed in the "Risk Factors" section and elsewhere in the
Company's annual report on Form 10-K for the year
ended December 31, 2019 and in subsequent filings with
the Securities and Exchange Commission. Except as otherwise
required by law, the Company is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
Contact information:Tel: (201) 225-0190 firstname.lastname@example.org
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